A recent federal court ruling in the SEC v. Ripple lawsuit clarified that Ripple does not own the XRP Ledger (XRPL) and its native cryptocurrency, XRP. Key Takeaways News ContentThe widely-watched SEC vs. Ripple lawsuit witnessed a revealing development as a federal court elucidated that Ripple does not, contrary to widespread belief, own the XRP Ledger (XRPL). This ruling, emanating …
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Upbit, a major South Korean cryptocurrency exchange, reported a significant increase in hacking attempts, with 159,000 recorded during the first half of 2023. Key Takeaways Upbit, a prominent South Korean cryptocurrency exchange managing daily trades around $1.2 billion, recently found itself ensnared by a considerable 159,000 hacking attempts during the initial six months of 2023. Revealed by Dunamu, Upbit’s parent …
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NFT artist John Hamon boldly set his three-year art project aflame in various locations across Paris, including in front of notable galleries, symbolically marking the “death” of contemporary art. This provocative act has been immortalized and commercialized through the sale of NFTs depicting the fiery scenes. Key Takeaways John Hamon’s performance and its transformation into NFTs explores the tension between …
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Elon Musk is facing criticism after the suspension of an XRP-focused account on the social media platform, X. The situation has spurred discussions concerning censorship and the ongoing controversies about XRP’s legal standing. Key Takeaways The incident involving the suspension of the XRP-focused account has spotlighted ongoing debates regarding censorship and accountability within social media platforms and their implications on …
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Bitcoin challenges the $28,000 resistance level, with the potential to surpass it, possibly reaching $30,000, while its stability attracts institutional interest. Key Takeaways In a relentless battle against market forces, Bitcoin (BTC/USD) bounces back, locking horns with the formidable $28,000 resistance level, despite a brief descent to sub-$27,300 after strong U.S. employment data emerged. Over the last 24 hours, the …
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As regulatory dynamics continue to evolve globally, the manner in which major platforms like Coinbase navigate these challenges will likely serve as a template for emerging crypto businesses. Key Takeaways Coinbase is keenly focusing on international expansion, as highlighted by VP for International Policy, Tom Duff Gordon, while also navigating through the intricate U.S. regulatory framework. With the exchange’s vision …
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As technology and finance sectors consistently evolve, a noteworthy intersection between art and cryptocurrency has emerged, birthing the phenomenon known as “Crypto Art” or “NFT Art.” Key Takeaways Potential Impact on Traditional Art Market As technology and finance sectors consistently evolve, a noteworthy intersection between art and cryptocurrency has emerged, birthing the phenomenon known as “Crypto Art” or “NFT Art.” …
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Sam Bankman-Fried, once regarded as a paragon in the cryptocurrency sector and founder of the now-collapsed exchange FTX, is on trial facing seven counts of fraud and conspiracy, tied to alleged embezzlement of funds and the subsequent bankruptcy of FTX. Key Takeaways The unraveling of the case will offer a glimpse into the intricacies of FTX’s operations and decisions leading …
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The trial against FTX founder Sam Bankman-Fried has begun. The DOJ accuses him of deceiving customers, while the defense argues he acted in good faith, blaming external factors, including former employee Caroline Ellison. Key Takeaways The trial of Sam Bankman-Fried, founder of the crypto exchange FTX, took a dramatic start yesterday in New York. The U.S. Department of Justice (DOJ) …
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Ripple’s Singapore subsidiary, Ripple Markets APAC, has secured a full MPI license from the Monetary Authority of Singapore (MAS) to provide digital payment token services in Singapore. Key Takeaways Ripple, recognized for its blockchain and cryptocurrency solutions, has achieved a notable milestone by obtaining an MPI license from the Monetary Authority of Singapore (MAS). This license enables its Singapore subsidiary, …
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